TRB Advisors LP purchased a new position in shares of Comcast Corporation (NASDAQ:CMCSA) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,000 shares of the cable giant’s stock, valued at approximately $1,128,000. Comcast Corporation makes up 1.7% of TRB Advisors LP’s holdings, making the stock its 8th largest position.

Several other hedge funds also recently modified their holdings of CMCSA. Boston Partners raised its stake in shares of Comcast Corporation by 140.7% in the first quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock worth $626,233,000 after buying an additional 9,739,468 shares in the last quarter. Haverford Trust Co. raised its stake in shares of Comcast Corporation by 117.5% in the first quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock worth $124,114,000 after buying an additional 1,783,436 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in shares of Comcast Corporation by 77.1% in the first quarter. First Citizens Bank & Trust Co. now owns 170,680 shares of the cable giant’s stock worth $6,416,000 after buying an additional 74,290 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Comcast Corporation by 101.7% in the first quarter. Whittier Trust Co. now owns 288,578 shares of the cable giant’s stock worth $10,847,000 after buying an additional 145,515 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in shares of Comcast Corporation by 111.0% in the first quarter. Gabelli Funds LLC now owns 1,810,200 shares of the cable giant’s stock worth $68,045,000 after buying an additional 952,100 shares in the last quarter. 82.32% of the stock is owned by institutional investors and hedge funds.

Comcast Corporation (NASDAQ CMCSA) traded up 0.66% during midday trading on Thursday, reaching $40.90. 3,725,948 shares of the company traded hands. The company has a 50 day moving average of $39.42 and a 200-day moving average of $38.73. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The stock has a market capitalization of $192.78 billion, a P/E ratio of 20.60 and a beta of 1.01.

Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $0.83 earnings per share. Equities analysts anticipate that Comcast Corporation will post $2.04 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is 31.74%.

TRADEMARK VIOLATION NOTICE: This piece was reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/08/10/trb-advisors-lp-purchases-shares-of-30000-comcast-corporation-nasdaqcmcsa.html.

A number of analysts have commented on CMCSA shares. Argus lifted their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. Wunderlich lifted their target price on shares of Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Pivotal Research reaffirmed a “buy” rating and set a $48.00 target price on shares of Comcast Corporation in a report on Tuesday, June 27th. Finally, Bank of America Corporation lifted their target price on shares of Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Two investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Comcast Corporation presently has an average rating of “Buy” and an average price target of $45.69.

In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the transaction, the senior vice president now directly owns 725 shares of the company’s stock, valued at $28,717.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth J. Bacon sold 7,500 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now directly owns 26,812 shares in the company, valued at $1,085,886. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.

Comcast Corporation Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with MarketBeat.com's FREE daily email newsletter.